Commvault (CVLT) Q4 Earnings Preview: Key Points to Watch

Commvault Set to Announce Quarterly Results

Commvault (NASDAQ:CVLT), a leader in data protection software, is scheduled to release its latest earnings report this Tuesday morning. Here’s a summary of what investors should keep in mind.

In the previous quarter, Commvault surpassed revenue forecasts by 1.1%, posting $276.2 million in revenue—a year-over-year increase of 18.4%. While the company exceeded billing projections, it fell short of EBITDA expectations, making for a mixed performance overall.

Should You Consider Commvault Before Earnings?

Curious whether Commvault is a good investment ahead of its earnings release?

What to Expect This Quarter

Analysts are projecting that Commvault’s revenue will reach $299.1 million this quarter, reflecting a 13.9% increase from last year, though this marks a slowdown from the 21.1% growth seen in the same period previously. Adjusted earnings per share are anticipated to be $0.98.

Commvault Total Revenue

Over the past month, analysts have largely maintained their forecasts for Commvault, indicating steady expectations as the company approaches its earnings announcement. Notably, Commvault has consistently outperformed Wall Street’s revenue estimates for the past two years, averaging a 4.7% beat each quarter.

Market Context and Analyst Sentiment

As the first among its industry peers to report this season, Commvault’s results will set the tone for data and analytics software stocks. The sector has faced challenges recently, with peer group stocks declining by an average of 8.3% over the last month. In comparison, Commvault’s shares have dropped 2.9% during the same period. The average analyst price target stands at $174.58, while the current share price is $123.88.

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